a breakout is imminent....

Usually when the price keeps on coiling until the end of the converging trendlines, a breakout is imminent and a big move could be expected. Just be patient and trade in  the direction of the breakout. A tight stop loss should be placed just slightly above or below the opposite trendline. Let's see which direction that the beast will take.

Below is the hourly chart as of 11 am Malaysia.


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